Two new private catastrophe bond arrangements have been issued by Artex Axcell Re, the Bermuda based Artex Risk Solutions operated transformer entity, with almost $48.26 million of notes sold to investors across the two series, Artemis has learned.These are the first two private cat bond issuances we’ve seen so far in 2026 from the Artex Axcell Re (Bermuda) Limited transformer and cell facility, which is owned by Artex Risk Solutions. Including these two Artex Axcell Re deals we have now tracked 12 of these cat bond lite transactions so far in 2026, while issuance of these privately placed catastrophe bond…
Author: Awais
“Speed in this industry, especially in the wholesale space, is number one in importance – speed and expertise,” Kessel said. Technology, she added, should support those strengths rather than replace them. “We’re really using the technology and the innovations to free up our team so that it allows their expertise to come in.”
Build over buy: internal solutions with scale and integration A central question for any technology transformation is whether to build in-house or partner with external providers. For USI, Bang explained, the answer is largely “build over buy.” “We do have partners, but the majority of our work is internal,” she said. “We want to create proprietary solutions that give us a long-term, sustainable advantage, and we also want to ensure tight integration within our ecosystem. Many external vendors are startups; some may be sold or change direction, creating potential risks for us. Building internally allows us to maintain control, scale…
As the insurance-linked securities (ILS) market continues to expand, Augment Risk is positioning parametric triggers not merely as a peripheral alternative, but as a central, diversifying asset class defined by its structural independence from traditional indemnity-based retrocession, a shift the firm believes is fundamental to unlocking the next phase of third-party capital allocation.Artemis recently spoke to Kurt Cripps, Partner and Head of Global Parametric Specialty, and Thad Hall, Partner and Head of ILS Solutions at Augment Risk, who discussed a range of topics, such as how the company is positioning parametric triggers as a diversifying asset for third-party capital, as…
Company founder and CEO explains what works
President Donald Trump will soon nominate a permanent director for the Centers for Disease Control and Prevention, its acting chief, National Institutes of Health Director Jay Bhattacharya, told agency employees at a Wednesday staff meeting. According to a recording obtained by KFF Health News, Bhattacharya told CDC staff that Trump could name a new leader for the agency as soon as Thursday. “But if not, I don’t think much will change,” he said. Though his official position as acting director was set to expire Wednesday, Bhattacharya will continue to lead the agency until the top spot is filled. Meanwhile, news…
The case, brought by a 20-year-old woman identified only as K.G.M., centered on allegations that Instagram and YouTube deployed design features — including algorithmic recommendation engines, infinite scroll, and auto-play — that fostered addiction in minors. The jury awarded $3 million in compensatory damages, holding Meta responsible for 70 percent and YouTube for the remainder. A second phase of proceedings to determine punitive damages is now underway.
The deal, which will see Labcorp run 12 patient service centers, is part of the company’s ongoing efforts to expand through acquisitions.
Flood specialist JBA Risk Management has launched an enhanced version of its Global Flood Model, which introduces a variety of key features, such as enhanced hazard maps, a wide range of future climate event sets, and improvements to both processing speed and exposure disaggregation.As per the firm, these developments will enable reinsurers, insurers, brokers, risk managers and asset managers to obtain a clearer understanding of both present and evolving exposure to flood risk, and to undertake transparent, fully auditable stress testing with greater confidence. JBA Risk Management’s new global flood model includes updated maps for 17 key countries (Hungary, Japan,…
AccuWeather’s first prediction for the 2026 Atlantic hurricane season calls for slightly below average activity. AccuWeather’s experts forecast 11-16 named storms, four to seven hurricanes, and two to four major hurricanes of Category 3 strength or greater for the hurricane season, which starts June 1 and lasts through November. The development of the complex weather pattern known as El Nino is expected to create wind shear, which typically disrupts the formation of hurricanes. AccuWeather said a super El Nino phenomenon has a chance of developing in the second half of the season. This could knock down more potential storms during…
Roundy’s Supermarkets, Inc., a grocery chain operating Pick ‘n Save and Metro Market stores, violated federal law when it fired an employee, who was also a nursing mother, for requesting an accommodation at her workstation to maintain her breast milk supply, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit announced. According to the suit, the cake decorator asked to keep a water bottle at her workstation to maintain her milk supply. Roundy’s Pick ‘n Save location in Madison, Wisconsin initially accommodated the request. However, after Roundy’s transferred the employee to a Metro Market store in Shorewood Hills…
Aviva Canada offers personal, commercial and specialty insurance solutions through a broad broker network, with strong positions in auto, home, and small-to-mid-sized commercial segments. It has also made notable investments in digital capabilities, climate resilience initiatives, and specialty underwriting expertise.
‘Reputational aftershock’: Growing number of workers recording and posting layoff meetings on social media, says report
Elon Musk’s tunneling company will begin assessing its ability to construct a mile-long underground tunnel in South Dallas after a proposed project in the area was one of three winners of a company contest on Tuesday. The Boring Company has built a number of underground tunnels across the United States for public and industrial use, including in Austin and Bastrop. In January, the company announced an open call for new tunnel proposals up to a mile long, with the offer to build the winning submission at the company’s expense. A proposal to build a tunnel connecting the University of North…